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Howard Stutz Gaming Guru - Page 119Convicted slot cheat gets Black Book nomination3 May 2013
LAS VEGAS -- A convicted slot machine cheat on Thursday became the first nominee in almost four years to Nevada’s Excluded Person List, commonly referred to as the Black Book. The Nevada State Gaming Control Board Gaming Commission unanimously nominated Roderick William Dee II for inclusion on the list, which makes it a felony for that person to enter a Nevada casino. ... (read more)
MGM Resorts tops analysts, reports best quarter since 20083 May 2013
LAS VEGAS -- A single penny turned out to be the difference between MGM Resorts International’s first profitable quarterly earnings since 2008 and another net loss. The Strip casino giant surprised Wall Street Thursday with a net profit of $6.5 million, or earnings per share of 1 cent, for the quarter that ended March 31. ... (read more)
Macau gaming revenues increase 13.2 percent in April3 May 2013
Macau gaming revenues grew 13.2 percent during April for the market’s fourth straight double-digit increase this year. The Macau Gaming Inspection and Coordination Bureau said Thursday the region’s casinos collected more than $3.5 billion from gamblers in April. Analysts said the figure was impressive because April 2012 produced a nearly 22 percent gaming revenue hike. ... (read more)
Caesars suffers quarterly loss, blames visitation drop2 May 2013
LAS VEGAS -- Caesars Entertainment Inc. blamed reduced visitation at the company’s hotel-casinos nationwide, especially in Atlantic City, for a first-quarter decline in overall revenues and a net loss. The casino operator, which controls 10 resorts on or near the Strip, said Wednesday overall revenues fell 2.9 percent to $2.143 billion in the quarter that ended March 31. ... (read more)
River Palms in Laughlin sold to M1 Gaming of Reno2 May 2013
Tropicana Entertainment LLC announced Wednesday it sold the River Palms Resort Casino in Laughlin to Reno-based M1 Gaming for $7 million. M1, which is headed by former Station Casinos gaming executive Dean DiLullo, owns the Boomtown Casino in Reno and the Reserve Casino in Central City, Colo. M1 acquired Boomtown for $12.9 million from Pinnacle Entertainment last June. ... (read more)
Regulators tentatively OK Pinnacle buyout of rival Ameristar2 May 2013
LAS VEGAS -- Pinnacle Entertainment, Inc.’s planned $2.8 billion buyout of regional gaming rival Ameristar Casinos, Inc. was tentatively approved by Nevada gaming regulators Wednesday despite federal antitrust authorities still having to completely sign off on the deal. The Nevada State Gaming Control Board ... (read more)
Share prices up double digits for Boyd, Pinnacle1 May 2013
Regional casino operators Boyd Gaming Corporation and Pinnacle Entertainment, Inc. experienced double-digit increases in their average daily share price during April. But much of the attention by the investment community focused on Caesars Entertainment Inc.’s plan to spin off several casinos and its interactive gaming subsidiary into a separate growth-oriented business. ... (read more)
Massachusetts city taps MGM, endorses casino plan1 May 2013
MGM Resorts International was selected by the leadership of Springfield, Mass., Tuesday to represent the state’s third-largest city in the race for a single casino project in western Massachusetts. Springfield Mayor Domenic Sarno announced MGM Resorts’ selection and endorsed the company’s plans to build an $800 million hotel-casino on a 10-acre site that was damaged by a tornado in 2011. ... (read more)
Atlantic City mayor critical of Christie five-year program1 May 2013
ATLANTIC CITY -- As a former dealer and pit boss on the Boardwalk, Mayor Lorenzo Langford is committed to seeing the city’s casino industry recover, despite his well-publicized disputes with New Jersey Gov. Chris Christie over reforms implemented by the state that the mayor says cut him and other city leaders out of the process. ... (read more)
Ultimate Poker launches real-money play in Nevada30 April 2013
LAS VEGAS -- The first-ever legal pay-to-play online poker website in the United States is expected to launch this morning when Station Casinos-owned Ultimate Poker flips the switch on a new era in Nevada gaming. The site, UltimatePoker.com, can be accessed only on computers or mobile devices located in Nevada. ... (read more)
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